Foot Locker Inc. (NYSE: FL) has reported E.P.S. of $-4.13 for its fourth fiscal quarter (ending January 31) versus $0.25 for the same period a year ago. For the latest four quarters through January 31, E.P.S. were $-3.51 versus $3.66 for the same period a year ago.
Recent Price Action
Foot Locker Inc. (NYSE: FL) stock suffered a major decline of -29.4% on 3/6/24. The shares closed at $24.24. Moreover, trading volume in this decline was exceptionally high at 972% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -30.3% during the last week.
Current PriceTarget Research Rating
FL is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Foot Locker has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Foot Locker has a good Appreciation Score of 81 and a very high Power Rating of 92, with the Highest Value Trend Rating the result.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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